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27835 Orchard Lake Rd
Farmington Hills, MI 48334
Starbuck · Retail Property For Sale
Investment Highlights
- Established Starbucks in Farmington Hills, MI | Northwest Suburb of Detroit, In Continuous Operation for 12 Years
- Site Features a Lucrative Drive-Thru | Starbucks' Featuring a Drive-Thru Perform +50% to Locations Without
- High Income Market | Average Household Income of More Than $130,000 Within 5 Miles of the Subject Property
- Corporate Guarantee | Starbucks is an Investment-Grade Tenant backed by a BBB+ Rating from S&P and Baa1 from Moody's, ensuring financial stability
- High-Ranking Starbucks Location | This Starbucks ranks in the top 43% of all Starbucks Nationwide, the top 50% in Michigan
- Signalized Corner | Positioned at a signalized corner, providing high visibility and easy access with more than 71,000 Vehicles Per Day (VPD)
Executive Summary
SAB Capital is pleased to present the exclusive offering of a single-tenant, double net-leased Starbucks located in Farmington Hills, Michigan. This exceptional investment is secured by a double net (NN) lease with nearly 9 years of remaining term along with 3% rent increases every 5 years in option periods.
Starbucks is the world's largest coffeehouse chain, operating over 35,000 stores across 80+ countries and serving approximately 100 million customers globally each week. Backed by an investment-grade credit rating of a BBB+ from Standard & Poor’s and a Baa1 from Moody's, the lease offers secure, long-term cash flow from a best-in-class operator.
Strategically located along Orchard Lake Rd, the property benefits from superior visibility, signage, and access with traffic counts exceeding 71,000 vehicles per day. The surrounding area has 5.3M square feet of retail space and contains dense residential neighborhoods with excellent walkability and centrality to Oakland Community College, Farmington Central High School, several parks and outdoor recreation areas, and quality national retail tenants including Wendy's, CVS, Petco, & Burger King.
With its strong real estate fundamentals, robust lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in a key Michigan retail submarket.
Starbucks is the world's largest coffeehouse chain, operating over 35,000 stores across 80+ countries and serving approximately 100 million customers globally each week. Backed by an investment-grade credit rating of a BBB+ from Standard & Poor’s and a Baa1 from Moody's, the lease offers secure, long-term cash flow from a best-in-class operator.
Strategically located along Orchard Lake Rd, the property benefits from superior visibility, signage, and access with traffic counts exceeding 71,000 vehicles per day. The surrounding area has 5.3M square feet of retail space and contains dense residential neighborhoods with excellent walkability and centrality to Oakland Community College, Farmington Central High School, several parks and outdoor recreation areas, and quality national retail tenants including Wendy's, CVS, Petco, & Burger King.
With its strong real estate fundamentals, robust lease structure, investment-grade tenancy, and premier location, this offering represents a truly passive, low-risk opportunity in a key Michigan retail submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,987 SF
Year Built
2014
Price
$1,971,698
Price Per SF
$992.30
Cap Rate
5.30%
NOI
$104,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.48 AC
Property Taxes
| Parcel Number | 23-10-476-068 | Improvements Assessment | $337,350 |
| Land Assessment | $73,030 | Total Assessment | $410,380 |
Property Taxes
Parcel Number
23-10-476-068
Land Assessment
$73,030
Improvements Assessment
$337,350
Total Assessment
$410,380
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